Global project management standard

If a global project management standard emerged would you want it to be solely informative or would you want it to have a normative component?

Personally I’d go for a competency based normative standard which in my opinion could lead to a globally recognized credential.  Individual practitioners and/or organizations would be subject to reviews and auditing to improve the public perception of the PM field and most likely improve the outcome of project, programmes, and portfolios.

What do you think?  As always questions and comments are welcome.

Connect with me on LinkedIn.  I am a LinkedIn Open Networker (LION); you can use “Friend” to add me to your network, please mention the blog in your request.